Thu, 06 Jun 2024 | BUSINESS SALE
Major building materials firm Aggregate Industries has expanded with the acquisition of Land Recovery, a supplier of primary and recycled construction materials. The acquisition is set to significantly enhance Aggregate Industries’ offering in the construction and demolition materials (CDM) market.
Land Recovery, which was established in 1982, has established itself as a prominent CDM supplier, with four sites across the UK. The company’s services include the supply of primary rail ballast, handling and treatment of spent ballast and the recycling of a proportion of spent ballast into new products.
Recycled ballast products are used either for the rail network or returned into the value chain to create products including readymix, asphalt and precast concrete.
Land Recovery employs 85 staff and 18 contractors. Its main UK base is in Stoke-on-Trent, where the firm conducts the majority of its business, along with a rail yard site in Dewbury, West Yorkshire and quayside sites in Ellesmere Port, Cheshire and Lowestoft, East Anglia.
Dragan Maksimovic, Chief Executive of Aggregate Industries and head of region West Europe at the firm’s parent company Holcim, said: "This acquisition further strengthens our position in the CDM market and, in line with other recent investments, reinforces our ambition to be the UK circularity market leader by 2030.”
He continued: "There is very clear alignment between Land Recovery's growth ambitions and our vision to increase the amount of CDM we process and recycle every year. Its strategic site locations in the country also allows us to introduce circular products to new regions utilising shipping and rail transport networks."
Land Recovery Managing Director Dan Beecroft said the takeover would enable the company to continue its growth plans and develop its offering.
He added: "It is really beneficial to be part of a leading UK and global company which has a clear vision for circularity and to be able to have access to their networks and expertise."
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